Follows the further decline of American trade in the Mediterranean and the physical decline and death of the three consuls, all of whom become somewhat disillusioned with the United States and the State Department while unsuccessfully trying to insure that their families can continue to prosper in the Mediterranean.

What does the periodical essay of the early eighteenth century contribute to the novel as it was developed by Samuel Richardson, Henry Fielding, Laurence Sterne, and others? This chapter focuses on how the periodical essay showed novelists new possibilities both about how to build a relationship with readers over time and on the use of an authorial persona to narrate and organise incidents. The distinctive intimacy the essay creates between author and reader, cultivated in the case of the periodical essay in instalments published over time and with attention to special features of the protracted duration of production and consumption, provides both rhetorical and material inspiration for novelists experimenting with new ways to reach readers and intensify their relationships with them.

This chapter begins Part III of the book which focuses on Anglo-Spanish relations during the Seven Years’ War and focuses particularly on the first two Spanish cases to come before the Court of Prize Appeal. This serves as a contextual chapter for Anglo- Spanish affairs and introduces the specific people and dynamics within the Spanish Court that were critical to negotiations over neutrality. It also introduces the cases of the San Juan Baptista and the Jesús, Maria, y José. The chapter highlights that the political and diplomatic contexts of Anglo-Spanish relations were markedly different from those of Anglo-Dutch relations and that preserving Spanish neutrality was, in many ways, much more fraught and complicated. This was due largely to internal Spanish political events (such as the death of King Ferdinand VI and the death of the British ambassador to Spain) and Anglo-Spanish maritime grievances that went beyond questions of prize-taking but spoke to the core of Spanish fears that British maritime hegemony would drastically alter the power of balance in the Americas and adversely affect neutral nations.

Chapter 1 presents the debate about republicanism before the French Revolution. Montesquieu played an important part in this debate as he formulated the influential “scale thesis” according to which republicanism could not be adequate for a large country. Montesquieu raised a set of challenges to would-be republicans in France (the “motivation,” “unity,” and “epistemic” challenges). The rest of the chapter presents theoretical resources in different republican traditions (notably Italian, English, American) that informed the French republicans on key issues (conquest, freedom, commerce, institutions). This chapter retraces the context in which the myth of outdated republicanism was born, but also how the elitist and martial dimensions of the republican tradition shaped French republicanism.

While her career remains vastly understudied, the Anglo-Italian narrative and portrait painter Maria Cosway (1760–1838) reached rare levels of recognition for an artist of any sex during her life by exhibiting to regular acclaim at London’s Royal Academy from 1781 to 1801. In these same years, and after she ceased exhibiting, Cosway also consistently engaged with print – an aspect of her artistic practice that has yet to be the subject of sustained scholarly work.

This chapter offers an initial foray into understanding Cosway’s relationship with and steady pursuit of the printed medium. Above all, it emphasises the implicitly professional nature of her published endeavours – according to definitions of professionalism at the time – by highlighting her contributions to five artistic, didactic printed series executed in London and Paris. Why print, and why these projects? What did she see in the medium that she may not have found in her painting practice? How might gender have factored into these decisions and, vitally, into her works’ reception? After two decades in the public eye, what was at stake for Cosway – might she have used print to claim a discrete identity as an artistic professional?

This chapter focuses on the development of Iberian Christian societies from 1000 to 1500. It deals with the evolution of output, its composition and how it spread across space. Therefore, the study sets out the main chronological and territorial milestones in the Christian economy: (a) the period of growth and expansion of the eleventh to thirteenth centuries, and that of the crisis and recovery of the fourteenth to fifteenth centuries; and (b) the areas in which economic activities were carried out, taking into account landscape features and different forms of resource used by agricultural, manufacturing and commercial activities. Throughout the text, it is possible to see that the economic model of Iberia in the Middle Ages coincided with some of the European patterns, although it presented original aspects linked, for example, to the Christian war against al-Andalus, to the demands of military supplies and to the role of the spoils of war in the construction of individual and collective fortunes. On the whole, however, the results of economic development were remarkable and do not support the undoubtedly hasty images of Iberia as a peripheral region, located in the extreme south-west of the European continent.

This chapter analyses foreign trade and trade routes in the Iberian Peninsula between the eleventh and the fifteenth centuries. It overviews the dual circumstances of the Christian kingdoms and of the Muslim al-Andalus over the long term, although it focuses especially on the period between the thirteenth and the fifteenth centuries, and on events taking place in Castile, Aragon and Portugal. The study tries to answer questions like how were the Iberian trade ties forged, how did the Iberian economies integrate with the Mediterranean and north-European markets, and what role did Iberian and foreign traders play in the commercial gamble. For this purpose, the Iberian trade is examined from three different angles. First, from the routes and the goods traded among the Iberian kingdoms as well as outside Iberia. Second, from the role of agents and institutions. This will involve an analysis of the distinction between local and foreign traders, as well as the influence of institutional frameworks on foreign trade. Finally, the chapter clarifies the reasons why Iberia achieved a leading position in European trade during the later middle ages, and why it spearheaded foreign trade at the dawn of the sixteenth century and the so-called “First Global Age”.

This chapter opens with an account of the Bank Restriction Act (1797) as marking a crisis in the British credit system on which the economy depended. It reads Wollstonecraft’s unfinished novel, The Wrongs of Woman (1798), as investigating the gendered systems of affect, belief, and credit which underwrote both political economy and social relations. Against Adam Smith’s attempt to regulate potentially disruptive forms of affect, including credulity and sensibility, the ‘extreme credulity’ of Wollstonecraft’s protagonist, Maria, rewrites the usual story of irrational femininity as the binary other to masculine rationality. Demonstrating the mutual imbrication of financial and sexual economies in late eighteenth-century commercial society, Wollstonecraft attempts to mobilise an alternative economy of social feeling to reform a selfish, sexualised world of commerce based on self-interest, and to reformulate the relations between morality and commercial society – between affect and money – by asking what else might circulate to social advantage.

As law is largely a country-specific discipline, formal African legal systems differ from one country to another. The commonly shared feature, however, is that of deep legal pluralism, which produces a multiplicity of normative orders in each society. National legal systems are influenced by colonial history and underpinned by customary law, resulting in a multi-layered legal environment overall. This chapter highlights the influence of traditional usages as a distinct but integral source of business law within pluralist African legal systems. The ‘survival’ of customary arbitration, for instance, clearly indicates the value which local communities attach to familiar transactional and dispute resolution frameworks which more suitably accommodate their voices. This singular feature underscores the importance of an exploratory and inclusive approach to identifying other elements of pluralism in the field of business law in Africa. These include the widening reach of regional law, the huge scale of informal cross-border trade, differing legal frameworks for formal cross-border trade facilitation and the monumental growth of China’s investments in Africa, all of which constitute substantive research areas in themselves in the study of the pertinent subject of legal pluralism in commerce in Africa.

This chapter examines the trade and commerce power. Section 51(i) of the Australian Constitution grants the Federal Parliament power to make laws with respect to two subject-matters: (1) international trade and commerce; and (2) inter-State trade and commerce.

Korea existed as an independent country longer than most countries in the world, within the great tradition of East Asia. However, Korea fell behind Europe with the "great divergence" in the modern era, evolving into a state most remote from Europe’s warfare states. The country also lagged behind neighboring China and Japan economically and socially, and the elites did not carry out reform from above in time. Korea thereby failed to adapt to the tectonic changes of the international environment in the nineteenth century and became a colony of Japan. The Japanese colonial rule transformed the Korean economy with a strong state capacity, enabling the Koreans’ per capita GDP as well as their total GDP to increase. However, the living standard stagnated, suggesting that landlords benefited disproportionately from the growth. The growth was eventually unsustainable because of the war. The colonial rule left a negative as well as a positive legacy for the country’s future.

This chapter demonstrates how Ibadis, whether merchants or scholars, participated in the everyday legal life of Ottoman Cairo by using its shariah courts. It does so by focusing on two Ibadis living in seventeenth-century Cairo: a merchant named ʿAbd al-ʿAzīz al-Baḥḥār and a scholar named Muḥammad Abī Sitta. The variety of ways in which both men used the court system demonstrates its importance to Ibadi merchants and scholars in the Ottoman period. The chapter’s overarching theme is how Ibadis used the legal tools of Ottoman Cairo, waqf property, and inheritance courts to navigate their everyday lives.

The Wealth of Nations is a stupendous palace erected upon the granite of self-interest. Thus George Stigler, and thus, with minor qualifications here and there, two centuries of misinterpretation of Adam Smith, especially by economists. To claim that Smith endorses the notion that people should, or inevitably do, act selfishly is severely to misread his text, especially in relation to other theories of human motivation at the time. That misreading arises, especially, from a misunderstanding of the famous “butcher and baker” paragraph in Book I, chapter ii of the Wealth of Nations – a misunderstanding that virtually inverts the true meaning of that paragraph. I explore the paragraph in depth here, commenting on sections of it line by line, so as to bring out what I take to be its overall argument. The result points, among other things, to a deep kinship, as well as certain significant differences, between Smith and Aristotle.

This chapter challenges the view that The Theory of Moral Sentiments (TMS) is concerned with analyzing modern commercial society – a view that is especially prominent amongst those who turn to Adam Smith to help identify the malaises of capitalist societies today and their potential remedies. The chapter proceeds by, first, examining what both Adam Smith and Smith scholars mean by commercial society, and whether this concept has any place in TMS; second, assessing whether TMS should be read as response to other theorists of modern commercial society (Bernard Mandeville and Jean-Jacques Rousseau); and, third, analyzing whether Smith’s reflections on moral corruption, inequality, and prudence in TMS should be associated with commercial society. The chapter concludes with some brief reflections on why many Smith commentators superimpose the concept of commercial society onto TMS, speculating that this can be partially explained by the broader tendency in much recent scholarship to read TMS and the Wealth of Nations as forming a coherent whole, rather than as independent works that mostly address distinct questions.

For being the reputed “father of capitalism,” Adam Smith had many criticisms of commercial society. Smith’s concerns were so numerous, in fact, that some commentators argue that Smith is properly considered as on the political left rather than on the political right. Given the seemingly unending stories of business malfeasance and corruption, many today wonder whether there can even be such a thing as what we might call “virtuous business.” Despite his concerns about business, perhaps there might nevertheless be something relevant to contemporary concerns in Adam Smith. Smith recommends political-economic institutions that can provide a framework enabling us to address what a just and humane society is, as well as the role virtuous business might play in it. This chapter investigates how the Smithian system might plausibly provide such a framework and suggests that it can offer guidance today for what we might call “virtuous business.”